Two of Wales’ best-known dealmakers have joined forces to launch a new corporate advisory firm.
Lexington Corporate Advisors, an entrepreneurial advisory boutique specialising in strategic advice targeted at business growth, acquisitions, disposals and fund raising, was launched on the 11th January 2016, by Gary Partridge and Nigel Greenaway.
Award-winning dealmaker Gary Partridge recently left accountancy and advisory firm PwC after leading its corporate finance team for South Wales and the South West of England over the last eight years.
With 20 years’ experience in the transactional marketplace, Gary joined PwC in 2007 following previous corporate finance senior executive roles with Finance Wales and British Telecom plc.
Specialising in advising entrepreneurs, private equity and corporate clients across all sectors in preparing for, structuring and executing transactions, he has initiated and led a wide range of deals including the disposals of Coffee#1 to SA Brain & Co, British School of Motoring (BSM) to the AA, Markes Instruments to the Schauenburg Group and Magicseaweed to SurfStitch.
Nigel Greenaway founded award-winning law firm Greenaway Scott in 2012, and will continue as a lead corporate director with this business, which provides corporate, commercial and intellectual property advice to fast growth companies, with particular sector specialisms in the life science, technology, pharmaceutical and IT sectors.
Drawing upon Gary and Nigel’s combined network, knowledge and over 40 years’ experience of working in corporate finance, Lexington will work right across the UK as Lead Advisor providing hands-on, trusted advice to companies and their owners seeking to facilitate growth and crystallise value.
Based at The Maltings in Cardiff, Lexington has an initial plan to recruit a transactional team of six professionals, with the vision of becoming a leading mid-market corporate advisory boutique famous for providing commercially focussed advice and hungry to add value to its exciting and broad client base.
Lexington will operate as a separate legal entity and be independent to Greenaway Scott, however, both companies will work strategically together to provide a full service offering to growing businesses particularly where clients identify with the value of a seamless professional advisory offering.
Gary Partridge, said: “Having worked alongside each other for several years in the mid-market transactional arena, Nigel and I have developed a mutual professional respect for each other’s skills, experience and respective networks.
“We’re both incredibly entrepreneurial and feel as we enter 2016, the time is right to launch something together.
“We both believe there is a big opportunity in the middle-market for Lexington to do something different. We share a real passion for working with and advising companies going through each phase of strategic growth right from start-up, fund-raising and the eventual exit. Our collective knowledge, experience and networks will undoubtedly benefit our clients and we’re looking forward to Lexington making an impact.”
Nigel Greenaway, added: “The current macroeconomic and transaction marketplace are conducive to the demand for the strategic advisory services that Lexington will provide – businesses recognising the need for professional advice and experience to enable them to achieve their ambitions.
“Traditional names in this market space have either turned their sights above transactions in the mid-market or have exited the market altogether, so we feel that with the benefit of our differentiated approach and experience there is a real opportunity for Lexington to be successful.
“Despite trading separately from Greenaway Scott, the close links with my corporate law firm will provide a positive differentiating factor as Lexington is a complementary business with a joined up network. Due to our close and symbiotic relationship, Lexington and Greenaway Scott will not act on the opposite side of transactions to each other. Gary and I are both extremely excited about what the future holds.”